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There are a few problem areas with '85 corvette but nothing too substantial.
Here are some of the reported problem areas:
- Paint (Some owners have complained that the paint chips or flakes easily)
- Reports of bad rear suspension due to a poorly setup rear axle
- Occasional electronic failures have also been reported so be sure to give the electrical system a look.
Prices for the '85 Corvette go from between $1000 - $10000 and above. It really depends on the condition and model of the car. A good place to look and get a general idea of prices would be ebay motors. Just search the 1985 Corvette and check to see what the current market trends are.
Hope that helped!

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